RBI: No change in REPO rate
Posted on: 07/Feb/2018 5:15:04 PM
Following the budget presentation, Indian stock market has shown a severe downtrend. Though a partial recovery was there in today (7th February) morning session, the stock market started going down again in the afternoon.
In this situation. The finance policy meeting was held by the Reserve Bank of India today (Wednesday, 7th February). This is the 1st Finance Policy Review meeting by RBI after the budget presentation.
The meeting was presided by the RBI governor Urjit Patel. Various issues, including the prevailing stock exchange situation and inflation, were reviewed in detail.
At the conclusion of the meeting, the RBI’s Financial Policy Committee released its policy. No changes have been made in the REPO rate. It is informed that the REPO rate will continue at 6% & Reverse REPO rate will also continue at 5.75%,
With this, there have been no changes made in the REPO rate over the last 3 times. Only during the meeting held in August last year, REPO rate was reduced by 0.25% and was changed to 6%.
